If you’re looking for ways to make money from home, then you’ve probably considered trying to become a virtual assistant. But how does one become a virtual assistant? More importantly, is it something that will actually be beneficial to your life in the long run? Let’s take a look.
Why VA’s Are Popular
Even though being a virtual assistant is probably not the most stable way to make money, it is still one of the most lucrative alternatives for those seeking to gain full-time employment.
Why is that? Well, several factors could be contributing to this trend. First, the demand for VAs is continually on the rise. A 2018 Oberlo survey found that 43% of companies are now using some form of virtual assistance. And that number is expected to jump to 56% by next year.
Second, the demand for VAs crosses all industries. If you’re able to provide some type of human interaction through the performance of certain tasks, then industry specific training—like financial planning or healthcare — could be an option for you.
Do You Really Need To Study Business To Be A VA?
One of the things that makes VAs so valuable is that they require very little business training. In fact, you can literally open up a Google account and start performing tasks for companies without any previous experience.
You won’t become a fully-fledged virtual assistant just by performing simple searches or sending out a few text messages. To succeed, you will need to possess certain knowledge and expertise in business and follow a formal training program. But all of this can be learned on the job. And if you’re looking for a short-cut to riches, then you could look towards freelancing or testing platforms like Upwork or Amazon Mechanical Turk.
The Growth Packed Job Market For VA’s
With more and more companies turning to online assistants, the job market for VAs has never been more promising. Companies are looking for experienced VAs to help with everyday tasks, so much so that LinkedIn’s Senior Manager of Business Development Jon Copestake has dubbed 2019 the “Year of the Virtual Assistant.”
According to LinkedIn, there will be more than 1.7 million job opportunities for VAs in 2020, and more than 1.9 million in 2021. So if you’re looking to make a career change and want to be in a field that is growing, then you could consider diving into the world of VAs.
The Downsides To The Popularity Of VA’s
While the demand for VAs is steadily increasing, the growth in the industry doesn’t come without its downsides. For one, the competition is fierce. According to LinkedIn, by 2021, there will be more than 2.3 million job seekers competing for only 1.9 million positions. So if you’re planning on entering the field, then you might want to consider taking advantage of vocational training or looking for work in a field that is less saturated.
Another downside to VAs is the working environment. According to LinkedIn, about 30% of all VAs report having experienced workplace bullying. In some cases, VAs have even been blocked from accessing company emails and documents as a way of pressuring them to complete tasks on time. While there are certainly positive stories of VAs, it’s important to remember the downsides before you make a decision.
The Pros And Cons Of Freelancing
You may be wondering if freelancing is right for you. On the one hand, you can literally get started anywhere you want. There are no requirements to become a successful freelancer. In fact, you don’t even need a personal computer.
You will, however, need to possess certain skills. Essentially, you will need to be able to work independently and follow instructions. If you’re looking for a jumpstart to your career, then freelancing could be an option for you. But like with any other job, there are risks associated with freelancing. For example, you could lose a lot of money if an assignment turns out to be more complex than expected. Or, you might not be able to keep up with the demand for freelance work. A UK business owner reports that 70% of their time is spent on billing and collecting payments, and only 30% on producing content.
The Drawbacks Of Working For A Company
As much as we’d all like to believe that working for a company is a surefire way to make lots of money, it’s not necessarily the case. First, if you want to become a full-time VA, then you should expect to make slightly less than you would as a freelancer. Next, working for a company can be frustrating. When you’re working for a small startup, there is a lot of room for growth. But if you’re working for a large company, there isn’t much chance of you making any major career advancements.
Last but not least, we need to talk about the complexity of the paperwork. While some companies might try to get around this by using online platforms to handle all the tedious tasks., ultimately, you will be tied to a company folder, and you will have to follow all the rules and procedures set by the organization.
Working for a company can also bring with it a lot of stress. For example, being a medical transcriptionist for a healthcare organization, you will be performing medical tasks for doctors all over the country. You might feel a lot of pressure to keep up with the task demands, as well as satisfy your clients. If you’re looking for a stable, well-paying job, then working for a company isn’t for you. But if you’re looking for the opportunity to travel the world and make a difference, then you could look towards healthcare or financial services.
An Alternative—Become A Real Estate Agent
Now, what if you could become a real estate agent and make money without all the hassles of working for a company? While some companies might try to get around this by using online platforms to handle all the tedious tasks., ultimately, you will be tied to a company folder, and you will have to follow all the rules and procedures set by the organization.
But like with any other job, there are upsides to working as a real estate agent. First, many real estate agencies operate as independent businesses, so they don’t have to answer to investors or creditors. And since they operate as independent businesses, they have the flexibility to offer some great deals to attract new clients. Second, as a real estate agent, you will be able to make your own hours. So, you could show up when you want to show up and work when you want to work. Third, you will be able to develop your own marketing strategy and use advanced lead generation methods to find new clients. Fourth, you will be able to build a solid foundation for your career. Finally, much like the other jobs we’ve discussed so far, being a real estate agent doesn’t require a lot of business training. In fact, you can literally open up a Google account and start performing tasks for companies without any previous experience.
Overall, the demand for VAs is steadily increasing, and with more and more companies turning to online assistants, the job market for VAs in the coming years is looking very promising. But like any other job, there are risks associated with becoming a virtual assistant.
If you’re curious about this career option, then it’s important to consider the pros and cons. Before you decide, you could also research other successful virtual assistants and get an idea of what it takes to be a top performer in your field.